Europe: Tantalum Market 2024

Tantalum Market Size in Europe

The Europe tantalum market totaled $X in 2022, increasing by 11% against the previous year. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +105.7% against 2013 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Tantalum Production in Europe

In value terms, tantalum production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed buoyant growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by 39% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Tantalum Exports

Exports in Europe

In 2022, overseas shipments of tantalum decreased by -29.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 84% against the previous year. As a result, the exports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, tantalum exports dropped to $X in 2022. Total exports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 72%. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

The Czech Republic (X tons) and Estonia (X tons) prevails in exports structure, together making up 84% of total exports. Russia (X tons) took the next position in the ranking, followed by Italy (X tons). All these countries together held approx. 12% share of total exports. The UK (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Russia (with a CAGR of +29.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest tantalum supplying countries in Europe were the Czech Republic ($X), Estonia ($X) and Italy ($X), together accounting for 93% of total exports. Russia and the UK lagged somewhat behind, together accounting for a further 5.4%.

Among the main exporting countries, Russia, with a CAGR of +28.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, rising by 24% against the previous year. Overall, the export price showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.3%), while the other leaders experienced mixed trends in the export price figures.

Tantalum Imports

Imports in Europe

After three years of decline, purchases abroad of tantalum increased by 132% to X tons in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tantalum imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a mild reduction. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany was the key importing country with an import of about X tons, which finished at 46% of total imports. The Czech Republic (X tons) held the second position in the ranking, distantly followed by the UK (X tons) and Russia (X tons). All these countries together took approx. 47% share of total imports. France (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Italy (with a CAGR of +101.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tantalum importing markets in Europe were Germany ($X), the Czech Republic ($X) and Russia ($X), together accounting for 87% of total imports. The UK, France and Italy lagged somewhat behind, together accounting for a further 12%.

Among the main importing countries, Italy, with a CAGR of +88.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, with an increase of 11% against the previous year. In general, the import price, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2019 when the import price increased by 17%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform